MicroStrategy, a business analytics company, reported third-quarter earnings that indicated a significant loss of $27.1 million while continuing to expand its Bitcoin holdings despite the difficult cryptocurrency market circumstances. After Q3 2022, the most prominent publicly-traded business owner of Bitcoin announced that it will still have 130,000 BTC. It claims that this sum was purchased for almost $4 billion, or $30,639 per BTC. Due to constant Bitcoin prices over the previous quarter, the business declared valuation adjustments for the quarter of $727,000 on November 1 in contrast to the $917.8 million it reported in the q2 of 2022 or the The post MicroStrategy CEO Restated Long-Term Bitcoin Position in Q3 Results appeared first on Cryptoknowmics-Crypto News and Media Platform.
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